Lawrence Board Of Realtors
- Assets
- $338.6k
- Revenue
- $159.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Lawrence, KS
- Founding
- 01/1968
- Data as of
- 10/2022
- EIN
- 48-0834247
Organization Overview
Lawrence Board Of Realtors is located in Lawrence, KS. The organization was established in 1968. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 10/2022, Lawrence Board Of Realtors employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Board Of Realtors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 10/2022, Lawrence Board Of Realtors generated $159.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $203.0k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LAWRENCE BOARD OF REALTORS EXISTS TO SUPPORT ITS MEMBERSHIP BY PROVIDING THE SERVICES, EDUCATIONAL OPPORTUNITIES, AND INFORMATION NECESSARY TO ENHANCE THE LEVEL OF REALTOR PROFESSIONALISM, INTEGRITY, PROFITABILITY, AND SUCCESS, WHILE PROMOTING A POSITIVE REALTOR IMAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP ORGANIZATION OF REALTORS IN LAWRENCE, KANSAS. WE SUPPORT OUR MEMBERSHIP BY PROVIDING THE SERVICES NECESSARY TO ENHANCE THE LEVEL OF REALTOR PROFESSIONALISM, INTEGRITY, PROFITABILITY, AND SUCCESS, WHILE PROMOTING A POSITIVE REALTOR IMAGE. WE PROVIDE OUR MEMBERS STANDARD FORMS AND CONTRACTS. THESE FORMS ARE REVIEWED BY LEGAL COUNSEL AND APPROVED FOR USE BY OR MEMBERS. THE FORMS OFFER CONSISTENCY WHICH EASES THE PROCESS OF DOING BUSINESS. WE ALSO PROVIDE PROFESSIONAL STANDARDS. WE WANT STRICT ADHERENCE TO A REALTOR CODE OF ETHICS, AND A GRIEVANCE AND ARBITRATION PROCESS AS PROVIDED BY THE NATIONAL ASSOCIATION OF REALTORS.
THE LAWRENCE BOARD OF REALTORS PROVIDES EDUCATIONAL OPPORTUNITIES TO OUR MEMBERS. THIS INCLUDES CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT.
THE LAWRENCE BOARD OF REALTORS PROVIDES RESOURCES TO MEMBERS INCLUDING ETHICS INFORMATION AND BYLAWS, BOARD APPROVED FORMS, DOCUMENTS, AND CONTRACTS. OTHER RESOURCES INCLUDE MEMBER COMMUNICATIONSS, VOLUNTEER OPPORTUNITIES, AND PUBLIC AWARENESS ADVERTISING CAMPAIGNS WHICH EMPHASIZE THE ADVANTAGES OF WORKING WITH A REALTOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hulse Executive Direc | Officer | 20 | $31,500 |
Lindsay Landis President | OfficerTrustee | 1 | $0 |
Brian Johnson President Elect | Trustee | 1 | $0 |
Jill Ballew Secretary | OfficerTrustee | 1 | $0 |
Josh Reazin Treasurer | OfficerTrustee | 1 | $0 |
Zach Dodson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $58,303 |
| Investment income | $2,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,741 |
| Net Income from Fundraising Events | -$5,858 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,432 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,275 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $495 |
| Office expenses | $262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,955 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,142 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $24,784 |
| Total functional expenses | $202,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,838 |
| Savings and temporary cash investments | $329,749 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $338,587 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,806 |
| Total liabilities | $46,806 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $291,781 |
| Total liabilities and net assets/fund balances | $338,587 |
Grants Awarded
Over the last fiscal year, Lawrence Board Of Realtors has awarded $18,696 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LBOR COMMUNITY FOUNDATION PURPOSE: HOUSING NEEDS IN COMMUNITY | $8,696 |
REALTORS RELIEF FOUNDATION PURPOSE: DISASTER VICTIMS HOUSING RELIEF | $10,000 |